First IT building of SmartCity Kochi likely to be inaugurated on January 7

KOCHI: Inauguration of the first IT building of SmartCity, Kochi, may be held on January 7. The state would finalize the date in consultation with the UAE government.

SmartCity authorities have informed that the work on the first IT building would be completed by Thursday. Chief secretary Jiji Thomson will convene a meeting to assess the progress of the work on Monday.

"We are glad that after the chief secretary's intervention, all the pending issues regarding the infrastructure development around the project area were resolved on war footing. We are thankful to the leadership provided by chief minister and industries minister in this regard," said Baju George, board member and CEO of SmartCity.

Meanwhile, the construction of the four-lane road in front of SmartCity is progressing in a fast pace, and is expected to be completed by Thursday. The construction of road from Collectorate to Infopark is also progressing. tnn

Currently, the Goods and Services Tax (GST) is levied at 12 per cent on payments made for under-construction property or ready-to-move-in flats where completion certificate has not been issued at the time of sale.